There are plenty of different types of promotions and bonuses offered by online sportsbooks.
We'll explain each in detail so you can decide which bonus best suits you.
One of the most available bonuses to take advantage of is when the sportsbook will match your initial deposit.
This is as simple as it sounds. Just register, and as soon as you deposit for the first time, they will match it (almost always 100% but sometimes more on special occasions). Your extra funds will go into your bonus wallet.
You'll have to turn over your bonus a certain number of times (and possibly at set minimum odds) before you can withdraw the bonus cash. It would be too easy otherwise!
Similar to the bonus above, but once you place your first bet, it will be matched.
This one is almost always offered with minimum odds requirements, such as -110. This is so that you can't just bet on a dead cert at -800 and take the winnings with bonus.
This offer is currently available at DraftKings Sportsbook upto $200!
Just place any bet through their app (even if you've already made a deposit) and DK will award you with a free bet equal to the amount of your first wager (maximum $200).
That's not the end of the offers at DraftKings though...they will also match your first deposit with a 20% bonus, upto a total of $500!
As a slight twist to the matched first bet above, risk-free first bet is an excellent bonus to take advantage of.
After you've registered and placed your first bet, the sportsbook will guarantee you get your money back even if that bet loses. So if you're not sure about your first bet and would like some insurance, this is the bonus to go for.
This free bet type is available with FanDuel Sportsbook.
Simply make your first bet there, and if it loses they will refund you up to a total of $500.
Basically your first bet is completely risk free!
Promotions aren't just for new customers. Once you've registered with a sportsbook, you can take advantage of plenty of boosts and promotions.
FanDuel in particular offers daily odds boosts on sports from baseball to golf, MMA to NFL and NBA. These are often in the form of doubles (e.g. two players to hit an HR, or one player to hit an HR and his team win the game).
Most NJ Sportsbooks offer bonuses through major events.
An example is PointsBet offering a $25 bonus bet to use on the final day of the Open golf if you bet $25 on the first day they also offered to pay out winning bets on Tiger Woods in the same event if he finished in the top 5.
These are just a couple of examples of promotions that we track daily on our betting promos section. You can expect tons of these during football season!